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FCNR RATE

Interest Rates FCNR(B)/RFC

The details of revised rates of interest on FCNR (B) & RFC term deposits in the permitted currencies w.e.f. 17.01.2024 are given below:

FCNR (B) Deposits:

Maturity Period	USD < 500,000		USD >= 500,000		GBP
	Existing	Revised	Existing	Revised	Existing	Revised
1 YR<2YRS	5.00	5.35	5.25	5.60	4.50	5.05
2YRS<3YRS	4.30	4.30	4.30	4.30	3.50	3.00
3YRS<4YRS	4.05	4.05	4.05	4.05	3.25	2.50
4YRS<5YRS	3.80	3.80	3.80	3.80	3.00	2.50
5YRS ONLY	3.80	3.80	3.80	3.80	3.00	2.50

Maturity Period	JPY		EUR		CAD		AUD
	Existing	Revised	Existing	Revised	Existing	Revised	Existing	Revised
1 YR<2YRS	0.01	0.01	2.15	3.00	4.00	4.55	3.50	3.75
2YRS<3YRS	0.01	0.01	2.05	2.05	3.61	3.61	3.20	3.50
3YRS<4YRS	0.01	0.01	1.55	1.55	3.31	3.31	3.30	3.00
4YRS<5YRS	0.01	0.01	1.55	1.55	3.26	3.26	3.40	3.00
5YRS ONLY	0.01	0.01	1.55	1.55	3.26	3.26	3.50	3.00

RFC Deposits:

PERIOD	USD < 500,000		USD >= 500,000		GBP		JPY		EUR		CAD		AUD
PERIOD	Existing	Revised	Existing	Revised	Existing	Revised	Existing	Revised	Existing	Revised	Existing	Revised	Existing	Revised
TERM DEPOSITS
6 M to <1 YR	5.00	5.35	5.25	5.60	4.50	5.05	0.01	0.01	2.15	3.00	4.00	4.55	3.50	3.75
1 YR to <2 YRS	5.00	5.35	5.25	5.60	4.50	5.05	0.01	0.01	2.15	3.00	4.00	4.55	3.50	3.75
2 YRS to <3 YRS	4.30	4.30	4.30	4.30	3.50	3.00	0.01	0.01	2.05	2.05	3.61	3.61	3.20	3.50
3 YRS	4.05	4.05	4.05	4.05	3.25	2.50	0.01	0.01	1.55	1.55	3.31	3.31	3.30	3.00

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